Japan Builds Supply Chain For EV Battery Minerals In Africa
Portfolio Pulse from Charles Gross
Japan is building a supply chain for electric vehicle (EV) battery minerals in Africa, according to Nikkei. This move is aimed at reducing Japan's reliance on China for these critical resources. The report did not mention any specific companies involved in this initiative.
August 04, 2023 | 9:51 am
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NEUTRAL IMPACT
The iShares MSCI Japan ETF (EWJ) could be indirectly affected by Japan's move to build a supply chain for EV battery minerals in Africa. However, the impact is uncertain as no specific companies were mentioned.
Japan's initiative to establish a supply chain for EV battery minerals in Africa could potentially impact companies within the EWJ ETF, particularly those involved in the EV industry. However, without specific companies mentioned, the direct impact is uncertain.
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